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Contact: Jennifer A. Galloway, Chief Communications Officer 
             (703) 797-6600
             jgalloway@msrb.org

MSRB’S EMMA WEBSITE TO PROVIDE ACCESS TO MOODY’S PUBLIC FINANCE RATINGS

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) announced today that its Electronic Municipal Market Access (EMMA®) website will include public finance ratings from Moody's Investors Service later this year. The addition enhances the website’s utility as the only source of free access to ratings from the largest municipal securities ratings agencies presented in a consolidated format with all other key information about every municipal security.

“We are pleased that Moody’s will provide its ratings for display on EMMA,” said MSRB Executive Director Lynnette Kelly. “By providing data from another municipal credit ratings agency, the EMMA website will soon be an even more powerful tool for investors and other municipal market participants.” The MSRB currently provides ratings on EMMA from Fitch Ratings, Kroll Bond Rating Agency (KBRA) and Standard & Poor’s. “The MSRB appreciates Moody’s support for our mission to promote market transparency through EMMA.” 

Credit ratings on EMMA are displayed along with the trading and disclosure information for each municipal security, and are also integrated into EMMA’s advanced search function and price discovery tool. The MSRB anticipates making the necessary enhancement to EMMA to add Moody’s ratings later this year. Read more about the ratings information available on EMMA.

The ratings agencies whose credit ratings appear on EMMA are each registered with the Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). The MSRB invited all NRSROs to make their municipal credit ratings available on EMMA. Previously, municipal credit ratings were not readily available to individual investors in a consolidated format.

The EMMA website is the MSRB’s official repository for information on virtually all municipal securities. EMMA provides free public access to official disclosures, trade data, credit ratings, educational materials and other information about the municipal securities market. 

The Municipal Securities Rulemaking Board (MSRB) was established by Congress in 1975 with the mission to protect investors, issuers and the public interest and to promote efficiency, competition and capital formation. MSRB is a private, self-regulatory organization governed by an independent board of directors with market knowledge and expertise. MSRB does not receive federal appropriations and is funded primarily through fees paid by regulated entities. MSRB is overseen by Congress and the Securities and Exchange Commission.

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